CIPS Exam A6 Topic 1 Question 49 Discussion

Actual exam question for CIPS's A6 exam

Question #: 49
Topic #: 1

[All A6 Questions]

Which of the following headings would appear in the current account of a country's balance of payments?

ATransactions in goods and services

BTransactions in external assets and liabilities

CTransactions in large sums of money

DTransactions in stocks and shares.

Show Suggested Answer

Suggested Answer: C

by Corrina at Apr 24, 2024, 06:44 AM

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Arlene

6 months ago

I disagree, The question is specifically asking about the current account, so it's more likely to be A) Transactions in goods and services.

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Gladys

7 months ago

I believe it's B) Transactions in external assets and liabilities. Those are important for a country's balance of payments.

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Naomi

7 months ago

I agree with you, The current account includes trade in goods and services.

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Lemuel

7 months ago

I think the answer is A) Transactions in goods and services.

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Derick

8 months ago

Transactions in stocks and shares would also be part of the financial account, not the current account.

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Lonny

8 months ago

Got it. And D) Transactions in stocks and shares?

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Derick

8 months ago

Transactions in large sums of money are not a specific category in the balance of payments.

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Lonny

8 months ago

Oh, I see. What about C) Transactions in large sums of money?

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Derick

8 months ago

That's correct. Transactions in external assets and liabilities would be part of the financial account.

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Lonny

8 months ago

So that means B) Transactions in external assets and liabilities would not appear in the current account?

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Derick

8 months ago

A) Transactions in goods and services would appear in the current account.

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